Recently, the reporter learned exclusively from people familiar with the matter that the core sticking point of the stranded plan is still debt: investors will have to wait until Romas has dealt with the existing debt almost completely before investing. Meanwhile, Romas' current debt treatment plan for suppliers is to “pay off at a 30% discount.” Industry insider Li Xiang analyzed that a 30% discount means that creditors must first confirm more than 60% of losses, while “settlement after profit” is more like a forward check with an unknown cashing period for an enterprise that has been out of work for more than a year and whose products have not yet been put back on the shelves. In fact, the reason why the “three-off plan” is difficult to advance is not only a price issue, but a precondition for whether the debt can be “cleaned up” before the investment is settled. A lawyer in the debt restructuring business analyzed to the Blue Whale Technology reporter that in out-of-court restructuring that is not bankruptcy and restructuring, investors usually require debtors to complete “clean-up” and either settle or obtain written exemptions or extensions from creditors before delivery, but Romas' creditor structure is mainly based on small and medium-sized suppliers, and coordination costs are extremely high. “Currently, the arrears of a large number of small and medium-sized suppliers are still in the negotiation or litigation stage. The single amount is not necessarily huge, but the number, geographical dispersion, and intersecting legal relationships form the most difficult part of the restructuring. Also, many vendors are suing Romers, but some cases have yet to be decided”. According to the person familiar with the matter mentioned above. The aforementioned person familiar with the matter also added that before proposing the “30% off plan,” Romas had negotiated debt-for-share swaps with a number of suppliers and promised gradual settlement after profit, but the supplier side was not optimistic about this plan. The current level of communication is also deteriorating. “The Romas employee responsible for connecting with our supply chain company was suspended last month. Currently, we can only contact people related to Romase through a third party agency. Looking at it now, Romas is not doing well.” A Romashi supplier said. According to reports, at present, Romas has not entered the bankruptcy and restructuring process, and there is no complete official confirmation of the total amount of debt; the outside world can only estimate the actual size of its debt in a puzzle style.

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